B. Riley Securities Maintains Buy Rating for Alpha Metallurgical: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B. Riley Securities has maintained its Buy rating for Alpha Metallurgical (NYSE:AMR) and increased its price target from $199.00 to $254.00. Alpha Metallurgical's shares are currently trading up 6.49% at $261.17 per share, which is above the new price target.
September 27, 2023 | 5:00 pm
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B. Riley Securities has maintained its Buy rating for Alpha Metallurgical and raised its price target. The current share price is above the new target.
The maintained Buy rating and increased price target by B. Riley Securities indicates a positive outlook for Alpha Metallurgical. However, the current share price is already above the new target, which might suggest that the stock is overvalued. This could lead to a potential correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100